Car workers' union backs GM pay freeze
09-03-2009
The Canadian Auto Workers union has announced a possible deal with General Motors to freeze employees' and retirees' wages and pensions, as part of GM's North America restructuring. The agreement must still be approved by GM workers in Ontario. The beleaguered auto giant said last month it would need an additional US$22.6 billion in government aid if it is to survive a collapse of global sales amid a deepening recession. The company is also asking for up to US$6 billion in aid from Canada's government.
